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AirClic
Cloud-based mobile software for supply chain automation
About AirClic
Airclic was a provider of cloud-based mobile solutions designed to automate and streamline complex logistics processes, particularly for the 'last mile' of the supply chain. The company was founded in 2000 by Peter Ritz and was headquartered in Trevose, Pennsylvania. Initially, Airclic's strategic focus was on enabling consumers to scan proprietary barcodes called “Scanlets” in print ads and posters for information and e-commerce purchases. Following the burst of the dot-com bubble, the company pivoted its business model to focus on automating mobile and field processes for businesses.
The company's core product was the Perform™ suite, a configurable, cloud-based software platform that provided mobile technology and advanced electronic proof-of-delivery (POD) solutions. This system operated on handheld devices carried by drivers to eliminate paper-based processes, optimize routes, and provide real-time visibility into the supply chain. The software catered to various industries, including third-party logistics (3PL), food and beverage, retail, and healthcare. Airclic's business model was based on providing its software-as-a-service (SaaS) solutions to logistics-intensive businesses, helping them reduce costs, improve efficiency, and enhance customer service.
Throughout its history, Airclic secured significant funding, raising a total of $340 million over seven rounds from investors such as JMI Equity, New Venture Partners, Zon Capital Partners, Motorola Solutions, and Goldman Sachs. A key milestone for the company was its acquisition by Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX) on November 20, 2014, for approximately $29.7 million. The acquisition was intended to strengthen Descartes' existing portfolio of routing, mobile, and telematics solutions by integrating Airclic's specialized mobile capabilities.
Source: Dealroom company dataAt a glance
- Founded
- 1999
- Headquarters
- Upper Merion Township, United States
- Sector
- Other B2B Software
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A8 investors entered at this stage
Blue Capital
Goldman Sachs- FBForrest Binkley and Brown
Edgewater Private Equity Fund
Motorola Solutions
Ericsson Ventures
Goldman Sachs Asset Management- ZPZon Capital Partners
Series B and later1 investor entered at this stage
JMI Equity
Source: Dealroom Talent Intelligence.
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